The Role
Do you want to be involved in helping to design and deliver the future of M&G’s life products? Join M&G’s Finance Business Development team to support the company’s ambitious and innovative new business plans. This team sits within the wider Actuarial Modelling and Valuation team in Finance and plays a pivotal role in designing, valuing, and implementing new propositions and products.
There are two manager experts in the team who will soon be taking parental leave for 6 months each. Therefore there is an opportunity for an experienced actuary to take either a 6 month role leading one of the teams, or a 12 month role leading both teams one after the other.
The first opportunity, from October 2025 to March 2026, is to the lead the Methodology and Assumptions team. This team is responsible for designing M&A for our new propositions, for example recently setting out the approach to determining the surplus to be shared with policyholders in our new with-profits fixed term annuity and BPA products.
The second role, from March 2026 to September 2026, is to lead the Valuation team. This team is responsible for developing and operating the tactical actuarial models which produce financial results for our new propositions before they are developed in the BAU models. The team also supports the valuation of our BPA schemes, by carrying out point of sale reporting and calculating the value of unmodelled benefits.
These are great opportunities for experienced colleagues who are looking to demonstrate their capabilities at the next level, or existing manager experts who are looking to spend time in a more commercially-focussed role.
Your Role Will Encompass
* Business Alignment:Develop a strong overview of M&G’s new propositions, gaining deep knowledge of new products and markets to tailor solutions to business needs.
* Innovation and Implementation:Support design and implementation of pricing and valuation processes to ensure new products are financially sound and commercially viable.
* Communication and Collaboration:Discuss complex financial concepts across the business including with non-actuarial colleagues, contribute to product design, and integrate financial solutions into broader business strategies.
* Ownership and Creativity:Take ownership of a solution from design through to implementation, utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.
Key Responsibilities
* Quickly understand and adopt new concepts.
* Drive business growth by supporting the Proposition team to design innovative, efficient, and financially sound product solutions.
* Support delivery of solutions for new propositions/products efficiently and commercially.
* Engage with stakeholders in Finance and the wider business to track new development areas, present Actuarial Model and Valuations views, and identify dependencies to reduce blockers.
* Liaise with the wider Finance team to provide high-quality actuarial reporting input, including Solvency II and IFRS 17 reporting.
* Challenge the status quo, embrace change, strive for continuous improvements, and remain responsive to future business requirements.
* Work collaboratively with colleagues and take accountability to maintain and enhance controls to support improvement of the overall control environment, customer outcomes, and reduce operational risk.
* Lead a team of actuaries, effectively organising their work and supporting their development to ensure the team’s objectives are met.
Stakeholder Management
* Engage with Finance BAU teams to understand existing methodology, processes, and controls.
* Consult on impact assessments, requirements, solution implementation, and timelines.
* Handover solutions to BAU to mitigate risks and ensure smooth transitions.
Methodologies and Requirements
* Provide clear methodologies and requirements for Actuarial Model and Valuations and the wider business, ensuring implementation aligns with control frameworks and long-term goals.
Key Knowledge, Skills & Experience
* Strong knowledge of financial services, regulatory and statutory frameworks (Solvency II, IFRS), and external reporting requirements.
* Experience in preparing financial information for internal and external reporting, including capital reporting.
* Strong verbal and written communication skills.
* Knowledge of life and pensions products, markets, and competitors.
* Working knowledge of governance, risk, and compliance processes.
* Understanding of commercial implications of decisions.
* Experience using technologies to develop and improve processes.
* Ability to disseminate complex information to stakeholders with varying degrees of sophistication.
* Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.
* Ability to produce high-quality technical work within a controlled environment.
* Ability to lead a team effectively.
Qualifications
* Qualified actuary with extensive experience in the financial services sector.
Work Level: Manager / Expert
Recruiter: Matt Campbell
Close Date: 89h October 2025
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they opt in to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers at mandg.com
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